Sri Lanka's Sampath Bank profits down amid loan losses

Feb 15, 2019 11:26 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka's Sampath Bank said its net profits for the December 2018 quarter fell 31.8 percent to 2.7 billion rupees from a year earlier amid a steep write-down of bad loans.

The firm's earnings per share for the quarter were 9.88 rupees, interim financials released at the Colombo Stock Exchange said. Net profits for the 2018 year fell 0.6 percent to 12.6 billion rupees with earnings per share of 46.85 rupees.